In the face of a global pandemic, the FinTech industry continues to thrive. From investment app and mobile wallets to insurtech and digital business tools, companies of all kinds have seen significant growth in 2020, fueled by some impressive investments. With that in mind, today we highlight 20 of the...
At long last, Robinhood is expanding its cryptocurrency platform. According to a blog post from the company, it will begin rolling out its crypto wallet feature to select users next month. Ahead of that, customers can now join the waitlist (although they will need to update their app before doing...
Just three months after debuting, Bilt has announced that it's raised $60 million in a growth fund round. Investors include the likes of Wells Fargo and Mastercard as well as a group of real estate owners including Blackstone, AvalonBay Communities, Douglas Elliman, Starwood Capital Group, and several others. Launched earlier this...
Over the past few years, cryptocurrencies and blockchain technology have steadily become more mainstream. At the same time, they've also faced criticism and regulatory scrutiny. Now, in a bid to make digital currencies safer and more trusted for all, Mastercard has acquired the firm CipherTrace for an undisclosed amount. CipherTrace...
Another FinTech disruptor has just revealed a significant early-round investment. Earlier this week, TomoCredit announced that it had raised $10 million. The Series A was led by Kapor Capital and KB Investment Inc. with additional participation from Lewis & Clark Ventures. This round follows Tomo's $7 million seed round closed...
With enthusiasm for credit cards that offer points, miles, and cashback continuing to grow, a FinTech app that helps consumers keep track of their earnings is now catching the eyes of investors. Recently, MaxRewards announced that it had raised $3 million. The seed round was co-led by Dundee Venture Capital and Calano...
FinTech's "megaround mania" continues as Varo Bank has just announced an oversubscribed $510 million funding round. The Series E was led by new investor Lone Pine Capital while Declaration Partners, Eldridge, Marshall Wace, Berkshire Partners / Stockbridge, and others also participated. This comes after the bank raised a $241 million Series...
Mastercard is back to buying up FinTechs. This week, the company announced plans to acquire to European open banking technology provider Aiia — although terms of the deal were not disclosed. The planned acquisition of Aiia comes less than a year after Mastercard completed its purchase of open banking platform...
With cryptocurrencies continuing to expand into the mainstream, a recent survey shows a significant number of consumers have invested in Bitcoin, Ether, or other coins. According to a survey commissioned by the digital asset marketplace Bakkt, 48% of respondents had purchased at least some amount of cryptocurrency in the past...
In the face of a global pandemic, the FinTech industry continues to thrive. From investment app and mobile wallets to insurtech and digital business tools, companies of all kinds have seen significant growth in 2020, fueled by some impressive investments. With that in mind, today we highlight 20 of the...
One of the many trends that have taken over the personal finance world in recent years has been the idea of gamification. For example, some finance gurus have extended various money challenges to their followers to help them achieve worthwhile financial goals in a less intimidating way. Then there's the...
Much of the future of financial technology is wrapped up in how quickly technical capabilities advance. While the convenience on the horizon is mind-boggling, it must be approached with caution and sensibility to avoid compromising the privacy and stability of current financial practices.
While there are legitimate concerns about the viability of Bitcoin and others, if nothing else these currencies should be viewed as a proof of concept for blockchain technology itself. In other words, don’t expect blockchain or cryptocurrencies to go down so easily. Instead, prepare for more disruption as a greater...